Impact of Cross-Border Banking on EU-UK Free Trade Agreement (1990-2018)

HOW THE FREE TRADE
AGREEMENT (FTA) DOES
AFFECTS CROSS BORDER
BANKING AMONG BLOCK
MEMBERS OVER THE PERIOD
1990-2018.

TABLE OF CONTENTS
Introduction................................................................................................................................3
Literature Review.......................................................................................................................3
Free Trade Agreement (EU and UK).....................................................................................3
Cross Border Banking............................................................................................................4
Analysis......................................................................................................................................4
Impact of cross border banking among cross members of EU- UK FTA..............................4
Evaluation of relationship between EU and UK FTA and Cross Border Banking................5
Future Outlook...........................................................................................................................6
Conclusion..................................................................................................................................8
References..................................................................................................................................9

INTRODUCTION
Objectives such as financial stability, international banking and national financial autonomy
are believed to be attained with an ease by block members of FTA through assistance of
cross-border banking (Lasserre, 2017). As FTA (free trade agreement) can be referred as
arrangement which builds unimpeded exchange and flow of goods and services between
trading partners even though the national border of member countries exist. Present report
provide a detail discussion on impact of cross-border banking on Free Trade Agreement of
UK and European Union between time period 1990 to 2018. The report ends up with
assessment of future outlook of cross-border banking and FTA (EU and UK) in order to
assess all the aspects of main subject being discussed
LITERATURE REVIEW
Free Trade Agreement (EU and UK)
A free trade contact is intended to decrease the obstacles to business among two or more
countries by minimizing or removing taxes and import quota (Neuwahl, 2017). Associates of
a free trade agreement might discuss separate business contracts with third countries. The
United Kingdom was not a participant of three innovative contracts that were integrated with
European Communities, that consists of most famous from following, the 1957 Treaty of
Rome, launching the European Economic Community (EEC). Previously de Gaulle had
renounced the French presidency in 1969, the UK builds up a third and winning application
for partisanship. in January 1972 Treaty of Accession was marked by the prime
minister Edward Heath, director of the Conservative Party.
Parliament's of European Communities Act 1972 was performing on 17 October;
furthermore, the UK's tool of approval was placed the next day on 18 October, hiring the
United Kingdom's membership of the EC to come into consequences on 1 January 1973. In
1975, UK presented its first national referendum on rather the UK should stay in the
European Communities (Gomez-Herrera, Martens and Turlea, 2014). The opposition Labor
Party, led by Harold Wilson, had challenged the October 1974 general election with an
obligation to renegotiate Britain's conditions of partisanship of the EC and further it carry out
a referendum on rather stay in the EC on the novel conditions. Every important political party
and the conventional press sustainable progressing partisanship of the EC. Consequently
the Maastricht agreement, the European Communities turn out to be the European Union on 1
November 1993. The original name replicates the development of the system of government